Cycle Trading

The Miners delivered a warning signal on Thursday.

The Miner’s rally over this past week coincided with the dollar forming a failed daily cycle. But despite the dollar being down on Thursday, the Miners closed lower as well – perhaps sniffing out a pending dollar DCL.

Wednesday as day 33 for the daily Miner cycle. That places them in their timing band for a daily cycle low. There are bearish divergences that have been forming, which often occurs prior to the daily cycle decline. The Miners broke below the accelerated trend line on Wednesday to close 1.84% lower. This eases the parameters for forming a swing high. A break below 40.21 will form a swing high to signal the daily cycle decline. The Miners should then break below the daily cycle trend line in order to complete its daily cycle decline.